Canada April factory sales edge down 0.1 percent, volumes up 0.4 percent
(Reuters) - Lower prices caused Canadian factory sales to edge down unexpectedly by 0.1 percent in April from March, but the volume of sales rose 0.4 percent, Statistics Canada data indicated on Friday.
Despite the slight decrease in April, sales rose in 14 of 21 industries, representing about 60 percent of manufacturing. Declines in petroleum and coal product, aerospace, and machinery industries were largely offset by gains in most other sectors.
NOTE: Analysts surveyed by Reuters had forecast on average an increase of 0.4 percent in the value of shipments in April from March. All figures are seasonally adjusted.
(Reporting by Alex Paterson; editing by Randall Palmer)
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